Posted by John Merchant on January 27, 2006 at 15:31:21:
I’d want a FL lawyer’s opinion on this, after he/she’s read all your closing & loan docs.
Your contract and/or FL law might give bank the right to change & modify, or might not…why you need the lawyer.
Bank is trying to change interest after closing - Posted by Julie
Posted by Julie on January 27, 2006 at 13:45:40:
We closed on our house in Pensacola, FL on Dec. 27, 2005. We were given a 1st time homebuyers deal with bond money and a 5.1% interest rate.
Today (1/27/06), the bank called and said that they made a mistake and the 5.1% interest was only for military, firemen, police,etc. They want to charge us 5.49% and raise our mortgage payment by 25.00 (which we can’t afford). Can they do this after we have closed on the house for a month? After all, it was their mistake and they let it go all this time.
Please, we need an answer as soon as possible. We are frantic to know if this is legal or not. Thank you.